Uzbek chems company sees 17% rise in H1 sales

07 August 2007 08:13  [Source: ICIS news]

MOSCOW (ICIS news)--Uzbekistan's state-run chemical holding Uzkimesanoat announced on Tuesday higher output and a 17% year-on-year rise in sales revenues for the first half of 2007.


In January-June, total sales from the company’s chemical plants reached $245m, it said.


During the period, Uzkimesanoat's plants produced 512,500 tonnes of mineral fertilizers, up 9% year on year, including 435,600 tonnes of nitrogen fertilizers, up 7% on the year and 76,900 tonnes of phosphorous fertilizers, a rise of 12%, according to the statement.


On 27 July, Uzbekistan's President Islam Karimov approved a programme to modernise the country's chemical plants in 2007-2011. The programme, to be financed by Uzbekistan's reconstruction and development fund, involved upgrading ammonia facilities at Ferganaazot and Elektrkimesanoat.

By: Sergei Blagov
+44 20 8652 3214

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